Australia's Nufarm rises, forecasts higher earnings, additional cost cuts

Nufarm

15/04/2026 01:37

** Shares of Nufarm NUF.AX rise as much as 17.6% to A$2.61, their biggest intraday pct gain since February 3, 2022

** The Australian agribusiness firm sees first-half underlying operating earnings to be between A$239 million ($170.29 million) and A$244 million, up 17% from year-ago period at mid-point

** Company says it will target additional A$50 million in cost savings

** Shares hit their highest level since November 20, 2025

** YTD, Nufarm stock up 9.4%

($1 = 1.4035 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))